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Testimonials

“QlikView was the only solution able to provide ad-hoc analysis at high performance levels across 200million records of customer data. Existing solutions of BO, Cognos, Hyperion and SAS were unable to meet our requirements”

Cable Manufacturer

Insurance

This industry must comply with strict government and industry
regulations, and deal with increasing challenges every day. Enterprise
systems for the insurance industry must ensure adequate protection of
consumer and financial data. In today’s rapidly changing business
landscape, these systems must also integrate information from various
sources and provide up-to-date data for analysis and decisions. Faced
with uncertain economics, escalating risk, market competition, strict
governance and regulation and demanding customers, insurance
professionals must identify and support profitable customers, improve
operations and establish and monitor action-oriented business
intelligence to understand and improve corporate performance.

The identification and analysis of risk is crucial to the success
of an insurance enterprise. Users must have the ability to view and
analyse data and to make swift corrections to strategy, processes and
objectives with a full understanding of the underwriting strategy,
client portfolio and customer demographics, claim analysis and current
and planned profitability.

Business Intelligence for Insurance

True business intelligence (BI) can support, grow and ensure the
success of the insurance enterprise and the insurance business user and
professional:

Sales, Marketing, and Channel Management –
Sales, marketing and channel management analysis enables the
business user to monitor information from various distribution
channels and identify which customers are more profitable and
forecast results with complete insight into which channels are the
most cost efficient

Claims Analysis – With Rapid BI, you can
monitor claims results and look for trends and patterns to detect
fraud and risk. Your users can establish automated alerts to
notify them of specific issues so the user can take immediate
action to resolve problems or determine the root cause before the
enterprise misses targets

Actuarial and Risk Management – Actuarial
and risk management analysis evaluates trends, identifies areas
and markets where risk is increasing and enables swift risk
analysis with robust reporting, charts, graphs, gauges, alerts and
other tools to support decision-making and help the enterprise to
mitigate risk